Editor's Note: This article comes fromCointelegraph,author:Ana Alexandre, translated by Cha Liang

Editor: Lu Xiaoming

As Cointelegraph reported on March 15, insurance giant AXA XL and insurance technology startup Assurely jointly launched a new insurance product, CrowdProtector, covering equity crowdfunding and STO products.

Editor's Note: This article comes from

,author:

, translated by Cha Liang

Editor: Lu Xiaoming

As Cointelegraph reported on March 15, insurance giant AXA XL and insurance technology startup Assurely jointly launched a new insurance product, CrowdProtector, covering equity crowdfunding and STO products.

AXA XL is the second largest insurer in Europe and also provides risk management and reinsurance services to insurers worldwide. The company reported a net profit of 2.14 billion euros ($2.42 billion) in 2018, down 66 percent from a year earlier. Meanwhile, the company's 2018 earnings rose 3 percent and its dividend rose 6 percent to 1.34 euros ($1.52) per share.

The new product, called CrowdProtector, is designed for issuers and investors and is said to protect new online fundraising methods such as equity crowdfunding and STOs. The product is also designed to increase the trust, confidence and security of potential investors to ensure that the issuer is trustworthy. Ty Sagalow, CEO of Assurely, stated that the two parties have increased their subscription business and publicly released:

CrowdProtector provides issuers with protection against investor complaints and lawsuits, while also telling investors that if issuers misuse funds, knowingly misrepresent information in offering documents, or misappropriate funds, they may recover their principal investment.